DALLAS, TX--(Marketwire - May 13, 2010) - The percentage of U.S. broadband households purchasing CE continues to decline year over year, falling from 87% in 2007 to 76% in 2009, according to international research firm Parks Associates.
This continuing trend of declining sales looks grim for CE manufacturers, but Parks Associates, which will host CONNECTIONS™: The Digital Living Conference and Showcase on June 8-10 in Santa Clara, indicates specific categories, including LCD TVs and personal computers, have actually exceeded their expected sales.
"Already over one-half of households are spending less on CE in 2010 than they did the year before," said Kurt Scherf, vice president, principal analyst, Parks Associates. "The recession has deeply affected consumer spending, but several product categories have defied the downward trend. Industries can develop new revenue streams by building off of these devices, such as Web-based apps or 3D programming for connected LCD TVs or support services bundled with a new computer purchase."
CONNECTIONS™ will feature multiple sessions in the Consumer Electronics track discussing the state of the market and business strategies to leverage these devices:
The panels will feature speakers from 2Wire, Actiontec Electronics, ActiveVideo Networks, Allegro Software Development Corporation, BigBand Networks, BridgeCo, Cisco Systems, Gigle Networks, Motorola, Orange/France Telecom Group, PacketVideo, ProVision, RedMere, Roxio CinemaNow, Technicolor, Xpand, Yahoo!, and Zenverge.
CONNECTIONS™ will also feature the keynote presentation "TV Technology in the New Age of Consumer Buying," from Scott Birnbaum, Vice President, Samsung LCD Business, on June 9 at 10:00 a.m.
For more information, visit www.connectionsus.com or contact sales@parksassociates.com, 972-490-1113.
About CONNECTIONS™
CONNECTIONS™: The Digital Living Conference and Showcase, hosted by leading research firm Parks Associates with support from the Consumer Electronics Association (CEA) ®, is the premier executive event focused on the market developments and growth factors for advanced digital lifestyle solutions.
This unique research-driven executive conference and showcase delivers insight and recommendations for new business models and opportunities in digital media/content, connected consumer electronics, broadband and value-added services, and home systems. http://www.connectionsconference.com
Contact Information:
Contact:
Mindi Sue Sternblitz-Rubenstein
Parks Associates
972-490-1113
mindi.sue@parksassociates.com